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LRT Funding for Surrey Takes Significant Step Forward

October 30, 2014

Surrey, BC – The City of Surrey has taken a positive step forward in securing federal funding for Light Rapid Transit. The City’s application to the P3 Canada Fund has been granted “screened in” status. This means the City’s application will move on to the next phase for further P3 federal funding consideration.

“With Surrey’s population growing so quickly, securing new rapid transit options have been a top priority of mine,” says Mayor Dianne Watts. “This decision to have Surrey’s application for federal funding move on to the next stage is a significant step forward in making a Light Rail Transit system a reality in our city.”

City staff will continue to work with TransLink to refine the LRT design and cost estimates for the project. The design work is also necessary to enable the preparation of a P3 business case for federal funding.

The application for federal funding is done in conjunction with the City of Surrey’s commitment to the Mayor’s Council Regional Transportation Plan. The City’s objective is a funding arrangement for the Surrey LRT line of 1/3 federal, 1/3 provincial and 1/3 regional. A key step in securing provincial and regional funding is ensuring a positive result in the Regional Transportation Referendum slated for next year. Garnering public support for the referendum will be central to the success of a LRT Line in the City of Surrey.